For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Non-interest income-Deposit Account | 7,573 | - | ||
| Non-interest income-Asset Management1 | 23,688 | - | ||
| Net gains/(losses) from equity securities | 7,392 | -7,516 | ||
| Net gains/(losses) from securities available for sale | 0 | 1,107 | ||
| Non-interest income | - | 30,629 | ||
| Letters of credit commissions | 8,799 | 7,749 | ||
| Other operating income | 27,980 | 23,695 | ||
| Total non-interest income | 75,432 | 55,664 | ||
| Loan receivable | 1,206,547 | 1,217,166 | ||
| Investment securities | 51,964 | 59,307 | ||
| Federal home loan bank stock | 1,508 | 1,684 | ||
| Deposits with banks | 49,241 | 56,818 | ||
| Total interest and dividend income | 1,309,260 | 1,334,975 | ||
| Time deposits | 374,232 | 458,490 | ||
| Other deposits | 177,618 | 177,775 | ||
| Advances from the federal home loan bank | 6,248 | 14,283 | ||
| Long-term debt | 8,048 | 8,129 | ||
| Short-term borrowings | 654 | 2,243 | ||
| Total interest expense | 566,800 | 660,920 | ||
| Net interest income before provision for credit losses | 742,460 | 674,055 | ||
| Provision for credit losses | 72,631 | 37,500 | ||
| Net interest income after provision for credit losses | 669,829 | 636,555 | ||
| Salaries and employee benefits | 177,427 | 167,376 | ||
| Occupancy expense | 23,657 | 23,281 | ||
| Computer and equipment expense | 23,234 | 20,135 | ||
| Professional services expense | 31,692 | 30,986 | ||
| Data processing service expense | 17,466 | 16,370 | ||
| Fdic and state assessments | 11,382 | 14,279 | ||
| Marketing expense | 6,003 | 6,520 | ||
| Other real estate owned (income)/expense | -1,152 | 2,699 | ||
| Amortization of investments in low-income housing and alternative energy partnerships | 43,614 | 72,633 | ||
| Amortization of intangible assets | 946 | 1,098 | ||
| Acquisition, integration and reorganization costs | 0 | - | ||
| Other operating expense | 20,794 | 19,300 | ||
| Total non-interest expense | 355,063 | 374,677 | ||
| Income before income tax expense | 390,198 | 317,542 | ||
| Income tax expense | 75,074 | 31,563 | ||
| Net income | 315,124 | 285,979 | ||
| Net holding gains on securities available-for-sale | 31,207 | 583 | ||
| Net holding losses on cash flow hedge derivatives | 0 | -774 | ||
| Total other comprehensive income/(loss), net of tax | 31,207 | -191 | ||
| Total comprehensive income | 346,331 | 285,788 | ||
| Basic EPS | 4.55 | 3.97 | ||
| Diluted EPS | 4.54 | 3.95 | ||
| Basic Average Shares | 69,184,832 | 72,068,850 | ||
| Diluted Average Shares | 69,451,260 | 72,327,017 | ||
CATHAY GENERAL BANCORP (CATY)
CATHAY GENERAL BANCORP (CATY)